PUTRAJAYA, April 7 (Bernama) - Some 214,790 borrowers have yet to repay
National Higher Education Fund Corporation (PTPTN) loans amounting RM1.1bil from
1997 until Feb 28.
Higher Education Minister Datuk Seri Mohamed Khaled Nordin said that they
had failed to respond to enforcement measures undertaken by PTPTN.
He said 673,205 (75.8%) of 887,995 borrowers had repaid loans with total
loan repayment of RM2.3bil (48.9%) of the RM4.7bil owed.
"Repayment has increased by over 70 percent but collection is still low as
repayment is done after negotiation," he said at the accreditation of the
Personal Financial Management module by the Malaysian Qualification Agency (MQA)
here today.
Since its inception in 1997, PTPTN had approved loans amounting RM38.15bil.
Last year alone, PTPTN approved 238,722 loans using an allocation of RM6.04bil.
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KHALED-PTPTN 2 (LAST) PUTRAJAYA
Khaled said the Personal Financial Management module will be offered in all
higher education institutions to create a prudent financial management society.
This is because the young are exposed to various financial facilities
offered by banking institutions, particularly in terms of card card use.
The modules will be offered as an elective course or curricula of
institutions of higher learning and expected to be implemented this year.
He students taking the course will earn one credit hour after the module is
certified by MQA.
"PTPTN disburses loans to 200,000 students in public institutions of higher
learning (IPTA), private institutions of higher learning (IPTS) and
polytechnics.
"As such, we need to develop their ability to manage financing so that they
do not forget to repay PTPTN loans after graduation," he said.
Thirty-two IPTA and IPTS and 27 polytechnics nationwide have adopted the
module drafted by the Credit Counselling and Management Agency (AKPK).
- BERNAMA
NJ ZUB
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